Myles

Physics grad, value investing zoomer, reality tv star, pole dancer, 'best hair on fintwit'. 🏳️‍🌈🇦🇺.

[Myles @finphysnerd]

New writeup on the other site (link in bio)

Focusing on Focus Point $FOCUSP: Malaysia's largest optical retail chain.

20% market share as the lowest cost franchise option amongst a fragmented industry.

Consistent low double digits grower at a 9x earnings multiple.

[Myles @finphysnerd]

@Snaljapen @ReturnsJourney I'm pretty naturally bearish, but it's $NVDA.

[Myles @finphysnerd]

I have a lot of negative beta to SOXX which has worked well the last few weeks. I think I'm going to short some $SOXS to hedge a bit of that out.

[Myles @finphysnerd]

@stockgutter How do you size these kind of ideas?

[Myles @finphysnerd]

Going long a bit of SoftBank here and shorting more staples and defensives like $BRKB, $WMT, $MO, $CBRL

[Carl Quintanilla @carlquintanilla]

JEFFERIES DESK:

“.. in the last 10 days, we’ve been net for sale in Tech to the tune of > $1B on 7 of those days.

.. And for reference, here’s our net trading flows over a 20D period, one of the more dramatic net selling periods we’ve seen in Tech in recent years.”

[Myles @finphysnerd]

@Avocadoshake8 Yeah, I've only been short the last two weeks though.

[Myles @finphysnerd]

$MRNA down 17% it's a beautiful day🥳

[Myles @finphysnerd]

@Mr_Neutral_Man @Bkclaims Are you still holding here or do you think most of the juice is gone at this point?

[Myles @finphysnerd]

I've had a large (5% either side) long Prosus short $ECNS position on for a while. I've reduced 1/3rd of the $ECNS hedge here as I start to move a bit long china as a trade.

[Myles @finphysnerd]

@ReturnsJourney I'm long Tencent, but to be fair China has a history of price wars, intervention and intense competition reducing the spoils of this sort of investment.

[Myles @finphysnerd]

It's fascinating to me that the best capital allocators in the world ( $AMZN, $GOOGL, $TCEHY, $MSFT) with clear views of returns and use cases across many industries are saying that AI Capex is their best use of capital, yet everyone is still skeptical.

[Joe McCann @joemccann]

Biggest two week net selling ever

According to @Goldmansachs PB, global technology stocks saw the largest two-week net selling on record (10+ years) between October 5 and 16, a staggering 3.3 standard deviations below normal.

Selling was driven by both long liquidations and fresh shorting.

[Myles @finphysnerd]

@TNdMXX I've owned it on and off. I need to take another look.

[Myles @finphysnerd]

I really wanna buy some china😬

Currently I have no direct china exposure in the portfolio.

[Myles @finphysnerd]

@ramyggerges No, I haven't been short since May after it collapsed and borrow went up. Haven't looked at in a while but looks like the call has continued to be good.

[Myles @finphysnerd]

My largest single stock short is currently Pop Mart. I think this a textbook dead cat bounce from position a few months ago and the buyback. I think the fundamentals have already turned.

[Myles @finphysnerd]

@JJNews002 Kind of a mix of both. I think they're attractive as an outright short, but also they've been winning while everyone else has been losing so if breadth comes back I would expect them to underperform as capital moves around.

[Myles @finphysnerd]

Shorting staples here pretty aggressively, which have gone on a big run. $XLP broadly but $KO and $WMT particularly.

[Joe McCann @joemccann]

This is crazy.

Short sales have outpaced long buying by a staggering 5:1 month-to-date, pushing short leverage close to five-year highs.

We have 44% of all earnings next week including loads of tech companies.

If the Nasdaq can hold the range into earnings and we see some surprises, that's a monster amount of fuel for a squeeze.

[Myles @finphysnerd]

@Tintincapital I dunno, I follow some smart shopping guys and they are still reasonably bullish tankers. These aren't permabulls either.

[Myles @finphysnerd]

@CultureHacks1 No, but I don't think you necessarily need one.